What is an Examination Under Oath (EUO)?

The correct answer is that an Examination Under Oath (EUO) is akin to a deposition and is usually conducted by a representative of an insurance company. This process involves a sworn statement from an insured individual in the context of an insurance claim, and it is primarily aimed at investigating the claims made by the insured party. The primary purpose is to gather information and assess the validity of the claim, which is crucial for the insurance company's evaluation and decision-making.

During an EUO, the individual is placed under oath, similar to a court setting, meaning they are legally required to provide truthful answers. The session is typically recorded and can take place outside of a courtroom, commonly in a private office or other setting where the insured feels comfortable. This distinguishes the EUO from a formal court hearing, which involves judges and is part of the judicial process.

While EUOs serve to support attorneys' case preparations, they are not confined solely to the attorney's records. Instead, they are a critical part of the claims-handling process by insurance companies, contrasting with other legal procedures. Thus, this option accurately captures the essence and purpose of EUOs within the context of the insurance field.